Day: February 14, 2019

TORONTO — First Quantum Minerals Ltd. swung to a profit in the fourth quarter as it works to ramp up initial production at its big new copper mine in Panama. The Toronto-based copper miner, which reports in U.S. dollars, says adjusted net earnings came in at $198 million or 29 cents per share in the quarter ending Dec. 31, up from a loss... Read More

OMAHA, Neb. — Billionaire Warren Buffett’s company has taken a new stake in Canadian firm Suncor Energy and trimmed its huge Apple stake. Berkshire Hathaway Inc. filed a quarterly update on its holdings with the Securities and Exchange Commission on Thursday. The Omaha, Nebraska-based company said it owned 10.76 million Suncor shares at the end of last year. But these... Read More

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,695.98, up 69.25). Encana Corp. (TSX:ECA). Energy. Up 19 cents, or 2.24 per cent, to $8.69 on 47.97 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Up 47 cents, or 23.04 per cent, to $2.51 on 43.59 million shares. Aurora Cannabis Inc. (TSX:ACB). Health care. Down 13... Read More

NEW YORK — Amazon will build a new headquarters in New York City, a stunning reversal to an ambitious plan that would have brought an estimated 25,000 jobs to the city. The online retailer faced fierce opposition from some New York politicians who were unhappy with the nearly $3 billion in tax incentives Amazon was promised. Along with thousands of... Read More

MONTREAL — Bombardier Inc. says it earned a fourth-quarter profit of US$55 million compared with a loss a year ago. The plane and train maker, which keeps its books in U.S. dollars, says the profit amounted to two cents per diluted share for the quarter ended Dec. 31. That compared to a loss of $188 million or nine cents per share a... Read More

HALIFAX — Nova Scotia’s labour minister says the threat of closure is his best tool to penalize a coal mine that broke mining rules by not reporting two massive cave-ins within the required 24 hours. Labi Kousoulis says issuing fines is far less potent than telling Kameron Coal, Canada’s only underground colliery, it can’t operate the Donkin mine in Cape Breton... Read More

CALGARY — From a computer in his downtown office, Jeremy Bernard calls up live video of an oil well site in rural Alberta, clicking to bring up a cluster of small buildings, then a gravel road that leads across snowy pasture. The picture is sharp and the camera can detect motion. But its monitoring effectiveness drops off the instant Bernard, chief operating officer at... Read More

TORONTO — Canadian Tire Corp. Ltd. reported a dip in its fourth-quarter profit compared with a year ago, as it took a one-time charge related to its financial services deal with Scotiabank. The retailer says it earned a profit attributable to shareholders of $254.3 million or $3.99 per diluted share for the 13-week period ended Dec. 29, compared to a profit of... Read More

HALIFAX — The bizarre case involving the cryptocurrency firm QuadrigaCX is expected to return to a Halifax courtroom today. The Nova Scotia Supreme Court has been asked to determine which law firms will represent 115,000 QuadrigaCX clients, who are owed as much as $260 million in cash and cryptocurrency. The court-appointed monitor overseeing the search for the money said it recently found more than $900,000 in digital assets.... Read More

MONTREAL — Canada Goose Holdings Inc. says it will open a new factory in Quebec, its second in the province. The production facility will be located in Montreal and is expected to employ more than 100 people by the end of March, and grow to 650 new positions at full capacity by the end of 2020. The announcement came as the... Read More